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LG Electronics to Install Heat Pumps for 450 Households in Jeju LG Electronics to Install Heat Pumps for 450 Households in Jeju

LG Electronics has been selected as the largest contractor for the heat pump distribution project in Jeju, tasked with installing systems for 450 households. The company aims to leverage its heat pump technology and construction management experience gained in Europe to dominate the domestic heating electrification market.On July 31, LG Electronics held a ceremony to mark the official launch of the heat pump distribution project at a single-family home in Gu-rung-dong, Jeju City, in collaboratio

July Market Crash Leads to Increased Risk of Delisting for 30 KOSDAQ Companies July Market Crash Leads to Increased Risk of Delisting for 30 KOSDAQ Companies

The KOSDAQ market experienced a decline of over 20% in July, resulting in a surge of companies failing to meet listing maintenance standards. Despite the government's efforts to enhance delisting criteria to improve corporate value, the overall market drop has put even financially sound companies at risk of delisting, raising concerns about the need for regulatory adjustments. According to the Financial Supervisory Service's electronic disclosure system, 30 KOSDAQ-listed companies issued warnin

Korea Electric Power Corporation Shortens Power Network Construction for Honam Semiconductor Complex Korea Electric Power Corporation Shortens Power Network Construction for Honam Semiconductor Complex

한국전력이 호남권 반도체 산업단지의 2030년 가동에 맞춰 전력망 건설 기간 단축에 나선다. 강과 하천을 굴착하지 않고 횡단하는 공법과 케이블 연결 지점을 줄이는 장거리 포설 기술 등을 적용해 공사 기간을 줄이면서 환경 훼손을 최소화하고 주민 주용성도 높인다는 구상이다. 한전은 이 같은 내용의 '전력망 적기 구축 기술혁신 방안'을 수립하고 호남권 반도체 산단 전력공급망 건설에 신기술·신공법을 본격 도입한다고 2일 밝혔다. 호남권 반도체 산단은 2030년 가동을 목표로 조성되고 있다. 정부와 지방정부, 한전은 산단 가

Samsung Fire & Marine Insurance Achieves AA Credit Rating from S&P, First for a Private Company in Korea Samsung Fire & Marine Insurance Achieves 'AA' Credit Rating from S&P, First for a Private Company in Korea

Samsung Fire & Marine Insurance has become the first private company in South Korea to receive an 'AA' credit rating from the global credit rating agency Standard & Poor's (S&P).On August 2, Samsung Fire announced that it has upgraded its long-term insurance payment capability rating and issuer credit rating from 'AA-' to 'AA' by S&P.This 'AA' rating is equivalent to the sovereign credit rating of South Korea, marking a unique achievement among domestic private companies.S&P cited several factor

Court Orders Hospital to Pay $450,000 After Newborns Death Court Orders Hospital to Pay $450,000 After Newborn's Death

A court has ruled that a hospital and its attending physician must pay over 540 million won (approximately $450,000) to the parents of a newborn who died just three days after birth, acknowledging medical negligence.On August 2, the Seoul Central District Court's Civil Division 15, led by Judge Park Jeong-ki, ordered the defendants, including the attending physician A and the hospital director, to pay the full amount claimed by the parents. The court also mandated that the hospital's insurance c

HD Hyundai Electric Produces 1,000th High-Voltage Transformer in the U.S. HD Hyundai Electric Produces 1,000th High-Voltage Transformer in the U.S.

HD Hyundai Electric has solidified its position in the global power equipment market by producing its 1,000th high-voltage transformer in the United States.The company announced on August 2 that it held a ceremony at its North American production facility in Alabama to commemorate the milestone.Key figures at the event included Kim Young-ki, President of HD Hyundai Electric, and Barbara Hampton, representative of Georgia Transmission.The 1,000th transformer produced is a 500kV, 675-megavolt-ampe

Bolorijio Begins Resource Development in Mongolia with ALS Certification Bolorijio Begins Resource Development in Mongolia with ALS Certification

South Korean company Bolorijio, which operates a local subsidiary in Mongolia and an office in Seoul, announced that it has signed a contract with ALS (Australian Laboratory Services), the world's largest international mineral testing and certification agency, to commence resource development. On August 1, Bolorijio stated, "We have begun exploration in a mining area near Bayankhongor Province, where we hold exclusive exploration rights, covering approximately 20 million pyeong, which is rich i

Ceuta Becomes a Key Issue in U.S. Midterm Elections Ceuta Becomes a Key Issue in U.S. Midterm Elections

Ceuta, a Spanish exclave on the African continent bordering Morocco, has emerged as a significant issue in the U.S. midterm elections, following an influx of approximately 60,000 Moroccan migrants. Currently, more than 48,000 have returned to Morocco, but the simultaneous crossing of thousands has drawn considerable attention.The Hill reported on July 31 that President Donald Trump criticized the situation, suggesting it would be a consequence of Democratic governance. In an interview with Fox N

President Yoon Returns to Germany After South America Trip President Yoon Returns to Germany After South America Trip

이재명 대통령이 브라질과 칠레, 아르헨티나로 이어진 남미 3개국 순방을 마치고 귀국길에 올랐다. 이 대통령은 김혜경 여사와 함께 1일(현지시간) 부에노스아이레스 에세이사 국제공항에서 공군 1호기로 독일 프랑크푸르트로 출발했다. 이 대통령은 프랑크푸르트 도착 이후 2일 현지 동포들과 간담회를 갖는다. 이번 독일 체류는 별도의 정상회담이 예정된 공식 방문이 아니라 귀국길 경유 일정이다. 이 대통령은 프랑크푸르트 동포간담회에서 독일 한인사회의 현황과 애로사항을 듣고 정부의 재외동포 지원 방향을 설명할 예정이다. 이

South Korea to Import Argentine Crude Oil Starting Next Year South Korea to Import Argentine Crude Oil Starting Next Year

The South Korean government will begin importing crude oil from Argentina next year. Following a pilot purchase by HD Hyundai Oilbank this year, both governments have agreed to support stable imports and gradually increase the volume. Wi Sung-lak, the National Security Office chief, revealed this information during a briefing in Buenos Aires on July 31. He stated, "While the initial volume is not large, it marks an important beginning. Argentina's capacity for oil production and export is gro